Italy Isostearic Acid Market Size & Outlook, 2023-2030
Italy isostearic acid market, 2018-2030 (US$M)
Related Markets
Italy isostearic acid market highlights
- The Italy isostearic acid market generated a revenue of USD 12.7 million in 2023 and is expected to reach USD 22.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, chemical esters was the largest revenue generating application in 2023.
- Lubricant and Greases is the most lucrative application segment registering the fastest growth during the forecast period.
Isostearic acid market data book summary
| Market revenue in 2023 | USD 12.7 million |
| Market revenue in 2030 | USD 22.0 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Chemical esters |
| Fastest growing segment | Lubricant and Greases |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Personal Care, Chemical Esters, Lubricant and Greases, Other Applications |
| Key market players worldwide | Croda International PLC, Euronav NV, Nissan Chemical Corp, PTT Global Chemical PCL ADR, Kuala Lumpur Kepong Bhd, Sana Biotechnology Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Italy accounted for 4.5% of the global isostearic acid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany isostearic acid market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 22.0 million by 2030.
Chemical esters was the largest segment with a revenue share of 40.16% in 2023. Horizon Databook has segmented the Italy isostearic acid market based on personal care, chemical esters, lubricant and greases, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
In Italy, a discernible shift from conventional products to sustainable and biobased products has been observed across diverse industries such as paints & coatings, and inks. This transition is due to the change in consumer preferences for environment-friendly products, which are derived from natural and renewable sources.
Isostearic acid, derived from natural oils, aligns well with the sustainability preferences of consumers. This leads to the surged usage of this acid in various industries in the country. Moreover, the rising demand for customized and innovative coatings, paints, and inks has led manufacturers to develop formulations and incorporate ingredients that cater to the specific requirements of customers to provide them with differentiated products.
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Isostearic Acid Market Scope
Isostearic Acid Market Companies
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Italy isostearic acid market size, by application, 2018-2030 (US$M)
Italy Isostearic Acid Market Outlook Share, 2023 & 2030 (US$M)
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